Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279811 
Year of Publication: 
2023
Series/Report no.: 
ZEW Discussion Papers No. 23-044
Publisher: 
ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung, Mannheim
Abstract: 
This paper shows that the American Inventor's Protection Act, which introduced the disclosure of patent applications after 18 months, i.e. before a grant decision is taken and, hence, before it is known whether the respective technology receives legal protection, is associated with a reduction of family firms' research and development (R&D) investment. This suggests that early disclosure of patent applications is perceived as a threat to family firms' innovation activity and discourages their R&D investment. This finding deserves our attention because family firms account for a large share of the U.S. economy and a reduction of their R&D investment can have long-term consequences.
Subjects: 
R&D investments
AIPA
Family firms
Socio-emotional wealth (SEW)
JEL: 
O32
M14
O34
Document Type: 
Working Paper

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